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Thursday, January 29, 2015

Ethiopia says new railway to Djibouti to start in early 2016

(Jan 28, 2015, (Reuters))--Ethiopia expects to open a new railway line linking the capital Addis Ababa with the Red Sea state of Djibouti in early 2016, a project at the centre of plans to create new manufacturing industries, the head of the state railways said.

The 700-km (450-mile)line is being built at a cost of $4 billion by China Railway Engineering Corporation (CREC) and China Civil Engineering Construction (CCECC). Ethiopia is seeking to have 5,000 km of new lines working across the country by 2020.

"By October 2015, a considerable portion of the Addis Ababa-Djibouti project will be finished," Getachew Betru, chief executive of the Ethiopian Railways Corporation, told Reuters, adding trains would run soon after. "We will start early 2016."

In addition to the Djibouti line, two others are being built across the country which are among a range of big infrastructure investments that also include new roads and dams to produce hydro-electric power. Read more fromReuters »